Steep Price Rises Spark Fears Over Global Food Security |
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June 16, 2010
Food commodity prices will increase more than previously expected in the next decade because of rising energy prices and developing countries' rapid growth, two leading organisations said yesterday, worsening the outlook for global food security.
Food commodity prices will increase more than previously expected in the next decade because of rising energy prices and developing countries' rapid growth, two leading organisations said yesterday, worsening the outlook for global food security.
"A return to higher global economic growth . . . together with continuing population gains, are expected to increase demand and trade and underpin prices," the United Nations' Food and Agriculture Organisation and the Organisation for Economic Co-operation and Development said in their annual agricultural outlook.
Higher crude oil prices would add force to rising agricultural commodities prices, particularly in those regions - including Europe and the US - where energy inputs such as fertilisers were used intensively, said the report.
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